Koch Industries in Talks to Acquire Forbes with Divyank Turakhia at 10% Lower Valuation

Koch Industries' private equity arm is in ongoing talks to purchase Forbes in partnership with another individual investor, sources tell Axios. The bid would value Forbes at approximately 10% less than its $630 million SPAC valuation from 2021. The private equity arm of Koch has previously invested in the Meredith/Time deal. The potential partner in the bid is serial entrepreneur Divyank Turakhia, a media entrepreneur. Forbes Marketplace, an affiliate link business that contributes significantly to Forbes' value, is also highlighted as an important aspect of the deal.